In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following amendments in the Central Board of Indirect Taxes and Customs Notification No.98/2021-CUSTOMS (N.T.), dated 16th December, 2021 with effect from 25th December, 2021.

In the SCHEDULE-I of the said Notification, for serial No.18 and the entries relating thereto, the following shall be substituted, namely: -

SCHEDULE-I

Sl.No.	Foreign Currency	Rate of exchange of one unit of foreign currency equivalent to Indian rupees
	(2)	(3)
		(a)	(b)
		(For Imported Goods)	(For Export Goods)
18.	Turkish Lira	6.70	6.30

 

Customs exchange rate update sets new rupee conversions for Turkish lira effective late December, altering import and export valuation. Amendment to the customs exchange rate schedule substitutes the Schedule entry for the Turkish Lira and prescribes revised rupee conversion rates to be applied for customs valuation, with distinct rates for imported goods and export goods, effective from the stated date.